Hsbc Holdings PLC acquired a new stake in ESCO Technologies Inc. (NYSE:ESE – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,988 shares of the scientific and technical instruments company’s stock, valued at approximately $1,751,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Citizens Bank & Trust Co. raised its position in shares of ESCO Technologies by 1.3% during the 4th quarter. First Citizens Bank & Trust Co. now owns 3,397 shares of the scientific and technical instruments company’s stock valued at $664,000 after acquiring an additional 42 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in ESCO Technologies by 9.7% in the second quarter. Smartleaf Asset Management LLC now owns 677 shares of the scientific and technical instruments company’s stock valued at $132,000 after buying an additional 60 shares during the period. Vident Advisory LLC boosted its holdings in ESCO Technologies by 3.7% during the third quarter. Vident Advisory LLC now owns 1,678 shares of the scientific and technical instruments company’s stock worth $354,000 after buying an additional 60 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of ESCO Technologies by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 3,774 shares of the scientific and technical instruments company’s stock worth $737,000 after buying an additional 61 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of ESCO Technologies by 3.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 1,675 shares of the scientific and technical instruments company’s stock valued at $327,000 after acquiring an additional 62 shares during the period. 95.70% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
ESE has been the topic of several analyst reports. Weiss Ratings lowered shares of ESCO Technologies from a “buy (a-)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $413.00 target price on shares of ESCO Technologies in a research note on Monday, August 10th. JPMorgan Chase & Co. started coverage on ESCO Technologies in a report on Monday, June 15th. They issued an “overweight” rating and a $420.00 price target for the company. Finally, Wall Street Zen cut ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $416.50.
ESCO Technologies Trading Up 0.1%
Shares of NYSE:ESE opened at $277.32 on Monday. ESCO Technologies Inc. has a 12 month low of $193.68 and a 12 month high of $362.15. The company has a quick ratio of 0.94, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $318.15 and its 200 day simple moving average is $302.86. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.59 and a beta of 1.10.
ESCO Technologies (NYSE:ESE – Get Free Report) last announced its earnings results on Thursday, August 6th. The scientific and technical instruments company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.08. The firm had revenue of $339.03 million during the quarter, compared to analyst estimates of $341.40 million. ESCO Technologies had a net margin of 24.39% and a return on equity of 13.28%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 EPS. ESCO Technologies has set its FY 2026 guidance at 8.300-8.400 EPS and its Q4 2026 guidance at 2.550-2.650 EPS. As a group, research analysts forecast that ESCO Technologies Inc. will post 8.35 EPS for the current fiscal year.
ESCO Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. ESCO Technologies’s dividend payout ratio (DPR) is 2.64%.
About ESCO Technologies
ESCO Technologies Inc is a diversified manufacturer of engineered products and systems designed to meet customers’ critical performance requirements in the test, measurement, control, and filtration of data, fluids, and gases. The company serves a wide range of end markets, including commercial aerospace, defense, industrial, medical, and communication network sectors. ESCO’s solutions are tailored to environments where reliability, precision and regulatory compliance are paramount.
Operating through multiple business segments, ESCO Technologies delivers test and measurement instruments such as RF and microwave components, signal distribution systems, and integrated test enclosures that support defense and aerospace programs.
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